The Library Foundation of Martin County Inc

Analysis

The Library Foundation of Martin County Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Library Foundation of Martin County Inc reported income of $575k and spending of $489k, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $426k to $575k (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2022, when income rose by 211%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Library Foundation of Martin County Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Missouri Colleges Fund Inc ($575k), Providence Student Union ($575k) and The Houston Mesivta ($575k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $104k (21% of expenses). Other salaries and wages came to $55k. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m. It reported 2 employees.